Property News · July 20, 2018

Chinese buyer rewrites Hong Kong record books with US$755 million for Shouson Hill luxury site


Chinese companies’ appetite for Hong Kong property shows no signs of abating, with a luxury development near Deep Water Bay selling for a record HK$5.93 billion (US$755.4 million), the largest single transaction by value in the residential market, according to Land Registry data released on Thursday.
“It is a record in the private residential site sales market in terms of consideration,” said Cathie Chung, national director of research at JLL, adding that the deal for 39…

Source : South China Morning Post
Read more…Chinese buyer rewrites Hong Kong record books with US5 million for Shouson Hill luxury site